It looks to me like VXR is getting some broker support for the time being, plus Copper / zinc prices are relatively steady. Perhaps SP VWAP being maintained for an orderly T/O at 45c (100% premium)? Or maybe a capital raise at 20c (20% discount)? Only the VXR inner circle will know.
What they are telling the market is EPA approval is due in December. Mining Camp is being relocated Jan 2019. If it all goes to plan, first ore ships mid 2020. If there are any issues with the open pit, it would have been flagged already won't it? They do have continuous disclosure obligations.
VXR Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held